Brokerage views on NMDC, Hexaware, GMR Infra, MphasiS

Read on to know what brokerages have to say about select stocks that are likely to be in action today:

NMDC: Barclays have upgraded NMDC from underweight to overweight. The brokerage has also upped the price target from Rs 173 to Rs 210. The brokerage firm feels India's iron ore industry is poised for a structural shift as output falls and demand increases.

The brokerage expects pricing dynamics to shift in favour of miners.

Hexaware Technologies Ltd: Nomura has downgraded Hexaware from 'buy' to 'neutral'. The brokerage has cut price target from Rs 145 to Rs 105. The brokerage says significant hit on margins in Q4 will take time to recover.

The brokerage feels for next fiscal while HP will continue to be drag, growth in non-HP channel is expected to moderate. The digital risk acquisition too would only provide revenue substitution, the overall impact on earnings being neutral.

Barclays have reduced FY13/14 EPS forecasts by 1.1 per cent and 0.9 per cent respectively.